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Are U.S. CEOs overpaid? a partial response to Kaplan
This article presents a debate between James P. Walsh and Steven Kaplan on whether U.S. CEOs are overpaid. Walsh acknowledges an error in his initial calculation of CEO compensation relative to company sales but maintains his broader critique. The discussion centers on three key issues: (1) the magnitude of CEO pay, (2) whether stock option grants (not just exercised options) should factor into compensation assessments, and (3) how firm performance should be measured (e.g., ROA vs. stock returns). Walsh argues that new option grants have motivational effects and should be included, while Kaplan warns against double-counting. The debate also touches on broader themes such as corporate governance, labor market dynamics, and public skepticism toward excessive CEO pay. Ultimately, Walsh calls for a more nuanced understanding of executive compensation beyond market-based justifications...Printed journal
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| AMP2301 | PSB lt.dasar - Pascasarjana | 1 |
| Penerbit | Briarcliff Manor, NY: Academy of Management 2009 |
|---|---|
| Edisi | Vol. 23, No. 1, Feb., 2009 |
| Subjek | Stock options Corporate governance CEO compensation Labor Market Dynamics executive pay metrics firm performance measurement public perception |
| ISBN/ISSN | 15589080 |
| Klasifikasi | NONE |
| Deskripsi Fisik | 3 p. |
| Info Detail Spesifik | Academy of Management Perspectives |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas |